Aseptic Packaging Market Analyzed: How to Business Impact of the Coronavirus (COVID-19) Outbreak- Exclusive Report by MarketsandMarkets™

The Aseptic Packaging Market is projected to grow from USD 39.6 billion in 2017 to USD 66.5 billion by 2022, at a CAGR of 10.89% during the forecast period. The aseptic packaging market is witnessing high growth, owing to the rise in demand for ready-to-eat food products. Increased urbanization and growth of the packaging industry have led to an increase in demand for aseptic packaging, particularly in the emerging economies of Asia Pacific and South America.

The Asia Pacific accounted for the largest share among all the regions in 2016, and this trend is projected to continue till 2022. This growth is attributed mainly to the increasing demand for aseptic packaging in China and India and the growing food & beverage industry in these countries. The urbanized population is shifting toward packaged foods owing to the increasing disposable income. Rising income and changing lifestyle will also lead to the growth of the market in this region.

The major players include E.I. du Pont de Nemours and Company (US), Robert Bosch GmbH (Germany), Tetra Laval International S.A. (Switzerland), Reynolds Group Holdings Limited (New Zealand), Amcor Limited (Australia), Becton, Dickinson and Company (US), Bemis Company, Inc. (US), Greatview Aseptic Packaging Co., Ltd. (China), IMA S.P.A (Italy), and Schott AG (Germany). These companies have implemented strategies such as new product developments, expansions & investments, mergers & acquisitions, agreements & joint ventures to strengthen their position in the market.
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